Assets

Location: Resthaven Area

LSD: 03-16-060-02 W6

Capacity: 100 MMcf/d Raw Inlet Gas

Details

CSV Midstream Solutions (“CSV”) is pleased to announce that definitive agreements have successfully been reached with an intermediate exploration and production company (the “Producer”) on the construction of a 100 Million cubic feet per day (“Mmcf/d”) gas processing facility (the “Facility”) in the Resthaven area of Alberta.

Through CSV’s execution expertise and guaranteed capital cost model, the Facility is expected to be delivered on schedule and on budget. All major equipment has been procured and engineering and design is substantially complete. Regulatory approval has been received and construction of the Facility started in August, 2017 with an expected completion late in the first quarter of 2018. CSV is able to achieve this aggressive schedule as a result of our strategy of early collaboration, our guaranteed cost and execution model, and by identifying and then mitigating potential risks pertaining to project execution and facility operation.

The Facility will be a greenfield gas processing plant located approximately 80 km northeast of Grande Cache, Alberta. The Facility will be equipped with natural gas liquids recovery equipment to produce C5+ (condensate) and future C3+ (LPG) products. The site will be connected to the TCPL NGTL Sales Gas Pipeline System with opportunity to connect in the future to the Pembina Liquids system for product egress.

The Facility provides a repeatable modular design template which allows CSV to efficiently deliver this type of facility multiple times with only minor variations for different resource opportunities.